Daily Archives: September 17, 2008
Mobile Audio Post / The AIG Collapse
When Lehman Brothers filed for bankruptcy on Monday, it became the latest but surely not the last victim of the sub-prime mortgage collapse. Financial institutions around the world have already reported more than half a trillion dollars of mortgage-related losses and that figure will most likely double before it’s all said and done.
The federal reserve obviously has deemed AIG too important to fail hence the $85 billion bail out. The reason may be that such a failure would pose a much larger threat to the financial system than Lehman Brothers due to AIG’s size and the fact that it plays an integral role in several key markets including: credit derivatives, mortgages, corporate loans and hedge funds.
Top 5 industries for entry level positions
Mobile post sent by Ray using Utterz. Replies. mp3
Interesting article for students who are undecided about a degree path, as well as recent graduates and young professionals looking for their first opportunity.
